CGI (NYSE:GIB) (TSE:GIB.A) posted its quarterly earnings results on Wednesday. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.24, Briefing.com reports. CGI had a net margin of 9.31% and a return on equity of 17.67%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm posted $0.93 EPS. CGI’s revenue was up 3.7% compared to the same quarter last year.
CGI traded up $1.61, reaching $64.10, during mid-day trading on Thursday, according to Marketbeat Ratings. 16,038 shares of the stock were exchanged, compared to its average volume of 167,199. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.68. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.21 and a beta of 0.58. CGI has a 1 year low of $49.02 and a 1 year high of $66.31.
Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in CGI during the 4th quarter worth $3,177,000. Barometer Capital Management Inc. purchased a new position in CGI during the 1st quarter worth $6,041,000. Forsta AP Fonden boosted its holdings in CGI by 146.5% during the 1st quarter. Forsta AP Fonden now owns 173,300 shares of the technology company’s stock worth $9,987,000 after acquiring an additional 103,000 shares during the last quarter. LPL Financial LLC boosted its holdings in CGI by 15.1% during the 4th quarter. LPL Financial LLC now owns 8,340 shares of the technology company’s stock worth $453,000 after acquiring an additional 1,091 shares during the last quarter. Finally, Daiwa SB Investments Ltd. purchased a new position in CGI during the 2nd quarter worth $206,000. 59.19% of the stock is currently owned by hedge funds and other institutional investors.
CGI Company Profile
CGI Group Inc provides information technology and business process services in Canada and internationally. It offers application development and maintenance, portfolio management, quality assurance and testing, modernization, and migration services; agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific business consulting services; business-to-business and customer operations support, purchase management, revenue management, and supplier payment services; and data center facilities and management, technical service desk, printing and document management, remote infrastructure, transformation, storage as a service, data vaulting, disaster recovery and archiving as a service, bottomless edge-to-core storage, and file sync and share as a service, as well as infrastructure solutions and consulting services.
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